The USMCA entered into force on July 1, 2020. NAFTA preferential treatment cannot be claimed on July 1, 2020 or afterwards.
The USMCA replaced the North American Free Trade Agreement (NAFTA). USMCA addresses recent and critical emerging issues, such as harmonization of regulatory systems, e-commerce, rules of origin, protection of intellectual property, and dispute resolution. These changes in USMCA will affect your operations and therefore, it is critical to understanding the key differences between NAFTA and the USMCA
Understanding the USMCA (United States-Mexico-Canada Agreement) challenges and opportunities is an important part of business strategy not just for US, Canadian, and Mexican companies, but also for the Asian and EU firms that are competing for positions in North America.
This live webinar by expert speaker “Douglas Cohen” will assist import-exporters in understanding USMCA rules of origin and certificate of origin requirements. Understanding these rules and how they apply will help your company to take advantage of USMCA and reduce your costs. Improperly classifying your merchandise as North American in origin can lead to severe fines and penalties.